I have always had a double mind about this (scammy) digital coin called Bitcoin.
The way it has grown is too good to be true which makes it a more reason why it is scammy just like the other upcoming digital coins from nowhere.
Does that sound like you? Well, of the earnest truth, you are not alone. You are totally right and your consideration has a 100% backing from me.
From what we know, it is true that cryptocurrency, since not controlled by any person or government of a country can be wild - fluctuations in price.
But you know what?
The surprising thing or say the funny thing is that out of hundreds if not thousands of Bitcoin Exchanges making rounds in the world, people are buying this scammy digital currency and other Altcoins without bound.
Are they trying to be funny or they have nothing really to do with their fiat currency?
Well, that is the question I keep asking myself as well.
But going away from this positive truth we hold about bitcoin,
A bitcoin enthusiast actually made a vital point I quote “the time will come where the financial system of the world is collapsing, where people are giving up faith in government, where the inflation rate is crazy”.
Come to think of it. Not long ago, the inflation rate of Japan shown a negative prime while that of the United States showed a positive .5 national interest rate percent.
Could it be there is a little truth or viability in this scammy coin?
Away from that, let me show you why this digital currency is truly a scammy coin. It is predicted that in 2025, 1 bitcoin may be sold at the rate of $17,000.
Nnow you see why I would have loved to close this article here having found out and concluded that this coin is a really scammy digital coin?
To back everything up, Peter Schiff believes that Bitcoin is just a bubble. A risk in invetment - of course which is true same as keeping your money in local banks.
So you see, there is no need to go on.
But since I proposed a 5 reason why this is a scammy coin, then will I go on with it, after all, I also share with the same proposition?
5 REASONS THAT SHOWS BITCOIN IS SCAMMY & WHY YOU SHOULD NOT INVEST IN IT!
5. It Is Scammy Because It Is A One Country’s Currency?
The more reason you should not buy Bitcoin now is that it is a one country affair.
That is to say, just like Dollars currency, the government and the people of US and some world powers are a determining factor to its value audacity.
Therefore, no need to buy after all, it can depreciate to the barest minimum.
The truth?
If you are still considering bitcoin as the above, then you need to read this.
First of all, you need to know that Bitcoin is a digital currency just like your Outlook Account which means, it cannot be accessed by anyone as far as you hold your private key - secret key.
So in essence, Bitcoin currency is never a particular’s country affair.
To back it up, check out how Bitcoin outsmart government of countries in this guide - Beginners Guide to Bitcoin.
4. It is Scammy Because It Is Not Accepted By Big Marketplaces and Brands?
Bitcoin is a scammy coin because it is not accepted by big marketplaces, right?
Unfortunately that was 7 years ago and fortunately, the story has changed now.
Bitcoin as the future of money has been making rounds as a currency for the now in big marketplaces and still striving.
Some of the big names you may know are Telsa, Amazon, Shopify and of course Microsoft, a great supporter and many many other marketplaces which I shall be considering in detail in some days to come.
To be on the first exclusive list to get it, click Here.
So, break the idea that bitcoin is not accepted by big brands because a journey of a thousand miles begins with a step.
If Amazon – the Jeff Bezos factor is bitcoin viable, then we need no more proofs.
Conclusion, having seen that it is supported by big players, what do you do?
Read on else,
Jump at the opportunity now and possess some before the next price hike.
3. It is Scammy Because It Is Not Popular?
Bitcoin in its own way has proven to be less popular which makes it a scammy coin, right?
Well, if the following are unpopular, I might have to agree with you, but if not, then that makes Bitcoin a great big deal.
See the audacity list:
Microsoft,
Telsa,
Shopify,
Bill Gate,
Redit
Coindesk
Coinmarketcap
Stack Exchange
Steemit
and more.
Do you know that the Winklevoss brothers hold 1% of all the bitcoin?
You didn’t know?
Well go ahead and have that at the back of your mind. They saw and envisaged the value of bitcoin when it was going at a beggar’s price.
Now tell me, will they ever be broke even from the possession of bitcoin alone?
Just think about - 1% of all the bitcoin in the world, approx. 21 Million available.
Conclusion, having seen that it is popular at the ground level, what do you do next?
Read on else,
Jump at the opportunity now and possess some before the next price hike.
2. It is Scammy Because It Will Make You Reach Overnight?
Bitcoin is a scammy coin because it will make you rich overnight. In fact, the right name should be a Ponzi. Yes, I think that’s it.
Do you believe bitcoin as the line above? If yes, then that’s where you are totally wrong because Bitcoin is never an overnight success or a get rich fast scheme.
As a matter of fact, it took Bitcoin 6+years before it is what it is today. So, replace the paradigm of seeing it as an overnight success coin or scheme because it won’t happen.
Conclusion, having seen that Bitcoin is not a get rich fast scheme, what do you do? Read on
1. Because It Has The Potential To Change Your Financial Status Tomorrow?
It’s funny sometimes when people say that Bitcoin can change lives even in 2 years’ time. Why? I know it is impossible!
If it is anything near that line, then that makes it a scammy coin, right?
The simple truth is that if you buy bitcoin today, it cannot change your life in probably 60 days’ time, but what if you buy and leave it for the next 1.5 - 6 years?
What will happen?
Result: your financial status will be set ablaze – positive turn forever!
Just imagine that when I was in my final year in the University -2016, Bitcoin was still selling at $623 and staggering at $650.
But what’s the price today? A whopping $4,745.50, an all-time high.
Check the image below.
The next step - What can you do now?
Answer - see some reasons below.
Why You Should Maximize The Opportunity Now!
Now, this is personal because I try my best to make things really simple for grasp in this community. I must tell you the truth now just as it is.
Having seen that bitcoin is NEVER a scammy coin, the question whether you should invest in bitcoin?
In the light of of truth, that shouldn't be the right question at all. The rightquestion should be
#####“When are you going to INVEST in Bitcoin or Cryptocurrency?"
The big point is actually getting involved in the bitcoin revolution though investing in it. We know it can be volatile as considerded by few non-Cryptocurrency enthsiast , yes, that is true.
But what makes it more than the volatility of losing thousands to Stocks Trading if you are not guided or our Local Banks?
Imagine the transformation of having your bank account on your phone or small hardware device and sending funds in a snap without the issue of paying huge fees on the international exchange table.
The baseline is?
Get on with Bitcoin. Forget about anything or other investment now and get on with bitcoin.
It does not have to be much, get on with
$100,
$200,
$300,
$400,
$500,
$1000, and $2500 worth of bitcoin and settle down.
(You see how I have to list the prices, so that you will not forget my hand writng on the wall in 1.5 to 2 years from now).
A little advice on this.
Please do not save $ 250-300 and above worth of bitcoin in any other wallet apart from Bitcoin Hardware Wallets – that’s from experience.
From $300, buy a cost effective bitcoin hardware wallet of your choice and store it.
So, you see, I am not saying you buy a full bitcoin of $4,763 at todays rate.
But you can if you wil. What can stop a loin from preying except he has eaten till the optimum point?
WHAT TO DO NEXT, SEE IN DETAIL
Where to BUY BITCOIN FAST and Maximize the Opportunity?
SOLUTION :
A BIG LIST OF 50+ WORLD BITCOIN EXCHANGES
ABOUT ME
I am a VALUE PLACED ORATOR that believes in value placement
In my community, no one is an under achiever, that’s why I write to place potential achievers on the dynamicx of meaningful life in How-to-Productivity, Business, Crypto-finance and Income Ritual.
